In trading on Tuesday, shares of AuRico Gold Inc (AUQ) entered into oversold territory, changing hands as low as $6.23 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of AuRico Gold Inc, the RSI reading has hit 28.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 47.6, the RSI of Spot Gold is at 49.9, and the RSI of Spot Silver is presently 46.5.

A bullish investor could look at AUQ's 28.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), AUQ's low point in its 52 week range is $6.23 per share, with $14.17 as the 52 week high point — that compares with a last trade of $6.31. AuRico Gold Inc shares are currently trading down about 16.3% on the day.

According to the ETF Finder at ETF Channel, AUQ makes up 1.11% of the Gold Miners ETF (AMEX:GDX) which is trading lower by about 2.4% on the day Tuesday.

Nothing in Metals Channel is intended to be investment advice, nor does it represent the opinion of, counsel
from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you
agree to the following Full Disclaimer & Terms of Use and
Privacy Policy. Video widget and metals stock videos powered by Market News Video. Quote data delayed at least 20
minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.